Lattice Semiconductor (LSCC) Earns Buy Rating from Rosenblatt Securities
Lattice Semiconductor (NASDAQ:LSCC)‘s stock had its “buy” rating reissued by Rosenblatt Securities in a report issued on Monday, AnalystRatings.com reports. They currently have a $15.00 price objective on the semiconductor company’s stock. Rosenblatt Securities’ price objective would indicate a potential upside of 23.36% from the stock’s previous close.
The analysts wrote, “We expect an upbeat event that will emphasize broader penetration and share gains of the company’s FPGA solutions in key communications, computing, industrial, and automotive segments. In particular, AI (footprint in all major server players), 5G (Nokia (NOK: NR) and exposure to most equipment OEMs), and automotive. Note that the FPGA-to-ASIC dynamic that is at the center of the bull/bear case for Xilinx (XLNX: Buy) is mainly a high-end FPGA dynamic (Lattice is a mid-to-low end FPGA player). The BOM cost of a system can greatly benefit from replacing a high-end FPGA ($1Ks per unit) to say a $100 ASIC (assuming you don’t need to change anything going forward, which is not possible in many cases). However, a mid-to-low end FPGA that sells for $15 and is used in a supporting role is usually not part of the displacement to ASIC from FPGA at the high-end.””
Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group lifted their price objective on Lattice Semiconductor to $10.50 in a research note on Wednesday, February 13th. BidaskClub cut Lattice Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 9th. Robert W. Baird reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Lattice Semiconductor in a research note on Friday, March 1st. Zacks Investment Research cut Lattice Semiconductor from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. Finally, Cowen initiated coverage on Lattice Semiconductor in a research note on Friday, February 22nd. They issued an “outperform” rating and a $15.00 price objective for the company. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $11.85.
Lattice Semiconductor (NASDAQ:LSCC) last posted its earnings results on Tuesday, April 30th. The semiconductor company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.01). Lattice Semiconductor had a positive return on equity of 15.47% and a negative net margin of 3.25%. The business had revenue of $98.09 million for the quarter, compared to analyst estimates of $96.01 million. During the same period last year, the business earned $0.05 EPS. Lattice Semiconductor’s revenue was down .5% compared to the same quarter last year. As a group, equities research analysts anticipate that Lattice Semiconductor will post 0.38 earnings per share for the current fiscal year.
In related news, Director Mark Edwin Jensen sold 4,000 shares of Lattice Semiconductor stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $12.56, for a total value of $50,240.00. Following the completion of the transaction, the director now directly owns 67,434 shares in the company, valued at $846,971.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Byron Wayne Milstead sold 41,911 shares of Lattice Semiconductor stock in a transaction on Monday, February 25th. The shares were sold at an average price of $12.32, for a total value of $516,343.52. Following the completion of the transaction, the vice president now owns 54,296 shares of the company’s stock, valued at $668,926.72. The disclosure for this sale can be found here. Insiders own 0.78% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in LSCC. Nordea Investment Management AB purchased a new stake in Lattice Semiconductor during the 1st quarter worth about $2,229,000. Schonfeld Strategic Advisors LLC purchased a new stake in Lattice Semiconductor during the 1st quarter worth about $390,000. Morgan Stanley lifted its holdings in Lattice Semiconductor by 246.0% during the 1st quarter. Morgan Stanley now owns 1,073,613 shares of the semiconductor company’s stock worth $12,808,000 after buying an additional 763,352 shares during the last quarter. KCL Capital L.P. lifted its holdings in Lattice Semiconductor by 227.1% during the 1st quarter. KCL Capital L.P. now owns 899,599 shares of the semiconductor company’s stock worth $10,733,000 after buying an additional 624,599 shares during the last quarter. Finally, SEI Investments Co purchased a new stake in Lattice Semiconductor during the 1st quarter worth about $909,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.
Lattice Semiconductor Company Profile
Lattice Semiconductor Corporation, together with its subsidiaries, develops and sells semiconductor technologies in Asia, Europe, and the Americas. The company offers field programmable gate arrays that consist of five product family lines, including the ECP, MachXO, iCE40, CrossLink, and programmable mixed signal devices.
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